A charitable gift that pays income for life

A charitable gift annuity is a gift made to RIT that can provide you with a secure source of fixed payments for life.

Benefits of a charitable gift annuity

Receive fixed payments to you or another annuitant you designate for life

Receive a charitable income tax deduction for the charitable gift portion of the annuity

Benefit from payments that may be partially tax-free

Further the charitable work of Rochester Institute of Technology with your gift

How a charitable gift annuity works
A charitable gift annuity is an easy way to make a gift to support the area of RIT you care about most.

You transfer cash or property to RIT.

In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.

You will receive a charitable income tax deduction for the gift portion of the annuity.

You also receive satisfaction, knowing that you will be helping further our mission.

 

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

To find out how high your payments could be and to learn more about charitable gift annuities or other gifts that provide you income, please contact our Planned Giving department at 585.475.3106 or plannedgiving@rit.edu. You can also download this brochure to learn more about how you can establish and benefit from a CGA. If you would prefer to be contacted directly, please complete the following form:

Disclaimer: 

It is more than a donation. It is your legacy.

Disclaimer: The information included on this website is not intended to be legal or tax advice and may not be relied upon for tax decisions you wish to make. Always contact your tax or legal advisor to see if the ideas discussed in this article are appropriate for you.